|
FAIR VALUE MEASUREMENTS (Tables)
|
3 Months Ended |
12 Months Ended |
|
Jan. 31, 2015
|
Oct. 31, 2014
|
| Fair Value Disclosures [Abstract] |
|
|
| Fair Value, Assets Measured on Recurring Basis [Table Text Block] |
|
|
|
|
|
|
|
|
|
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
Money market funds – Cash
and cash equivalents
|
$6,510,659
|
|
$ -
|
|
$ -
|
|
$6,510,659
|
|
Certificates of deposit -
Short term investments
|
-
|
|
2,650,000
|
|
-
|
|
2,650,000
|
|
Total financial assets
|
$6,510,659
|
|
$ 2,650,000
|
|
$ -
|
|
$9,160,659
|
|
|
|
|
|
|
|
|
|
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
Money market funds – Cash
and cash equivalents
|
$ 155,964
|
|
$ -
|
|
$ -
|
|
$ 155,964
|
|
Certificates of deposit -
Short term investments
|
-
|
|
2,500,000
|
|
-
|
|
2,500,000
|
|
Total financial assets
|
$2,655,964
|
|
$2,500,000
|
|
$ -
|
|
$2,655,964
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis [Table Text Block] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Patent acquisition obligation
|
$
|
-
|
|
$
|
-
|
|
$
|
3,345,467
|
|
$
|
3,345,467
|
|
|
$
|
-
|
|
$
|
-
|
|
$
|
3,345,467
|
|
$
|
3,345,467
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Patent acquisition obligation
|
$
|
-
|
|
$
|
-
|
|
$
|
3,236,281
|
|
$
|
3,236,281
|
|
|
$
|
-
|
|
$
|
-
|
|
$
|
3,236,281
|
|
$
|
3,236,281
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] |
|
|
|
|
|
Patent acquisition obligation
|
|
|
|
Balance October 31, 2013
|
|
$ -
|
|
Initial fair value, discounted to present value
|
|
2,850,511
|
|
Amortized interest on patent obligation
|
|
385,770
|
|
Balance October 31, 2014
|
|
3,236,281
|
|
Amortized interest on patent obligation
|
|
109,186
|
|
Balance January 31, 2015
|
|
$ 3,345,467
|
|
|
|
For the two years ended October 31,
2014
|
|
Derivative liability:
|
|
|
|
Balance October 31, 2012
|
$
|
-
|
|
Fair value of bifurcated conversion feature issued
|
|
1,180,000
|
|
Change in value of bifurcated conversion feature
|
|
(475,189)
|
|
Reduction of bifurcated conversion feature upon conversion of debentures
|
|
(164,811)
|
|
Balance October 31, 2013
|
|
540,000
|
|
|
|
|
|
Fair value of bifurcated conversion feature issued
|
|
1,570,000
|
|
Change in value of bifurcated conversion feature
|
|
592,945
|
|
Reduction of bifurcated conversion feature upon conversion of debentures
|
|
(2,702,945)
|
|
Balance October 31, 2014
|
$
|
-
|
|
|
|
|
|
Patent acquisition obligation:
|
|
|
|
Balance October 31, 2013
|
$
|
-
|
|
Initial fair value, discounted to present value
|
|
2,850,511
|
|
Amortized interest on patent obligation
|
|
385,770
|
|
Balance October 31, 2014
|
$
|
3,236,281
|
|